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Carrs Group Share Discussion Threads
Showing 76 to 96 of 100 messages
|Engineering is a cyclical business and Carr's have been riding a nuclear wave. The background of the CEO and the culture of the group is dominated by agriculture. The board should focus on activities they understand and sell those it does not.|
|Didn't think things were this bad. Needs splitting into two divisions each with management that know what they are doing. Bargepole to new investors at the moment.|
|Trading update not good. Now at 3 year low and looks like no chart support. How far can they fall ?|
|Lots of non-sterling earnings here!|
|Alfred, you may be right. On the other hand the recent little acquisition in Germany and contract at Sellafield (hope I got that right) suggests management are beginning to get this moving. Remember also that a small outfit with good ip can increase ten times far more easily than the lumbering engineering elephants.|
|The engineering side is too small to effectively compete. May have some modest short term success but not one for the long term.|
|Result out today at http://www.investegate.co.uk/carr-s-group-plc--carr-/rns/final-results/201611140700100337P/
Look interesting, and the sale of the food side does seem to have been a good move. I've always been interested in the robotics engineering side, and think that nuclear decommissioning will become a growth industry in the near future.|
|got it - it takes over 8 days from Barclays stockbrokers !|
|I've got mine as well (Selftrade) credited on 7 Oct|
|I've got mine (Selftrade).|
|has the special dividend been paid yet ? can't see it on my bank statement ?|
|Record day for ex div tomorrow for the 17p special dividend|
|vulgaris Yes agree - I reckon they are now more like Wynnstay (WYN) who have lots of country stores and animal feeds supplies and have a market value of £102k which will be about the same as Carr after the sale ? they on P/E of 15+ also . All good for the sector profile !|
|Even with today's rally they're on a multiple of 11.6 vs 15.5 for NWF, to which they're surely now more similar.|
|Would rather they keep the proceeds to invest in the business. We will get .005 % interest on our money if saved outside the stock market which in turn is temporarily high due to low interest rates and low pound .
A good strategy though as flour milling is overcapacity , subject to strong health and safety requirements and investment and very competitive .
well done Carr - this is presumably one reason why they changed the co name last year in anticipation of this event|
|Agriculture, food and engineering firm Carr's Group has sold its food division, Carr's Flour Mills, to flour milling business Whitworths for £36m.
Net proceeds will amount to £24.9m and the company said it will return £16m to shareholders in the form of a special dividend of 17.54p per share.
The remaining £8.9m will provide balance sheet strength and the opportunity to expand the group's continuing businesses by acquisition and organic growth.
Chief executive Tim Davies said: "The sale of Carr's Flour Mills Ltd represents an exciting stage in Carr's strategic development. At a time of increasing competition and volatility in the flour market, consolidation is essential and inevitable.
"We will continue to focus on our strategy of delivering growth in our UK agriculture business, the development of our international feed supplement businesses and building our specialist engineering division in niche markets across the globe|
|Sensible strategy to dispose of a low margin business.
And the special dividend is welcome.|
|Been bumping along in the 140s then, in 2 days, spikes to 155 and falls back to 145, based on no news that I can see.
Does anyone have insight?|
|Still a long way to on farming. No green shoots yet. Diversification keeps Carrs, Wynnstay and NWF going whilst we wait for better times. Brexit will be over after 23 June.
I am in for the long haul, and the same applies to Wynnstay.